159
159
Oct 28, 2013
10/13
by
CSPAN
tv
eye 159
favorite 0
quote 0
the child tax credit is another refundable tax credit, the second-biggest refundable tax credit. as big as theut earned income tax credit. the treasury and that the general office has reported on that as well, problems with that. it is also -- it has also been expanded. most recently in 2000 nine. so, it has many of the same problems. andit has overlapping income over low income range and also in middle and upper income. if you can get it up to about $100,000 in income. and then there are other educational-related refundable tax credits. and income him over range. they are all structured similarly. they have this phase in range and then a plateau and then it phases out. you get more and more subsidy as you work more and more, and then a constant level of subsidy over a certain income range and then the subsidy phaseout. and the phaseout ranges where you get the disincentive to work additional hours. so, there is really no effect on the economy. it is a wash. over the the fact that higher income range, those tend -- more productive workers. they earn more by definition. so on bala
the child tax credit is another refundable tax credit, the second-biggest refundable tax credit. as big as theut earned income tax credit. the treasury and that the general office has reported on that as well, problems with that. it is also -- it has also been expanded. most recently in 2000 nine. so, it has many of the same problems. andit has overlapping income over low income range and also in middle and upper income. if you can get it up to about $100,000 in income. and then there are other...
45
45
Oct 30, 2013
10/13
by
CSPAN
tv
eye 45
favorite 0
quote 0
let's do what we did with tax reform. break down to individual groups and solve this problem together so we are taking the best of the public sector, the best of the private sector, and all that innovation technology can bring to bear on changing the paradigm for the american citizen. so it's their health and well being that becomes the focus, not the ideology of either party. but the health and well-being of the american citizen. that's what this should be about. we can do it. by taking both sides of what both parties and both ideas can bring to this discussion, the best of the private sector, the best of the public sector and everything that science and technology and innovation can provide. there's more than $800 billion annually in wasted inefficiency. this is the most inefficient economic system in the world. can't we come together to solve that? use this committee to lead the way and set the example for regular order can provide by challenging everybody to sit down as we have in tax reform and come up with a solutio
let's do what we did with tax reform. break down to individual groups and solve this problem together so we are taking the best of the public sector, the best of the private sector, and all that innovation technology can bring to bear on changing the paradigm for the american citizen. so it's their health and well being that becomes the focus, not the ideology of either party. but the health and well-being of the american citizen. that's what this should be about. we can do it. by taking both...
44
44
Oct 30, 2013
10/13
by
CSPAN
tv
eye 44
favorite 0
quote 0
do i tell them, that is a tax? that's a tax you've got to pay so that more folks have access. is that fair? is that what it is really? >> what i would say to those folks, it's going to depend on their individual situation. if they are in a group market where they already had a group employer-sponsored insurance, that is a different situation. if they are in the individual market, they now have access to health care. they now have a competitive market. >> the time has expired. mr. shock -- schock? >> let's talk about a website that does work. now, ifhouse.gov right you go to whitehouse.gov, health insurance reform a reality check, the headline. you can keep your health insurance if you like it. it is currently on their website. linda douglass of the white house office of health reform debunks the myth that reform will force you out of your current insurance plan if you like it, force you to change doctors. to the contrary, reform will expand your choices, not eliminate them. whitehouse.gov then cites three sources to substantiate their claim. one of them is a blog post by linda
do i tell them, that is a tax? that's a tax you've got to pay so that more folks have access. is that fair? is that what it is really? >> what i would say to those folks, it's going to depend on their individual situation. if they are in a group market where they already had a group employer-sponsored insurance, that is a different situation. if they are in the individual market, they now have access to health care. they now have a competitive market. >> the time has expired. mr....
66
66
Oct 30, 2013
10/13
by
CSPAN
tv
eye 66
favorite 0
quote 0
even if the taxing power enables congress to impose a tax on not obtaining health insurance, any tax must still comply with other requirements in the constitution, unquote. in short, mr. speaker, obamacare was upheld as a tax. the supreme court did not and has not yet considered a challenge to the affordable care act's taxing provisions on the grounds that it violated the origination clause in the united states constitution. and, mr. speaker, it most certainly did exactly that. mr. speaker, the origination clause is found in article 1, section 7 of the constitution. and it states, quote, all bills for raising revenue shall originate in the house of representatives, unquote. in creating obamacare, senator harry reid took an entirely unrelated bill, h.r. 3590, containing just 714 words, and -- that did not raise taxes, and then he stripped it of everything but its bill number. he then put the 400,000-word obamacare that raised taxes in 17 different places into this empty shell bill. through this bit of legislative trickery, mr. speaker, mr. reid claims that obamacare originated in the
even if the taxing power enables congress to impose a tax on not obtaining health insurance, any tax must still comply with other requirements in the constitution, unquote. in short, mr. speaker, obamacare was upheld as a tax. the supreme court did not and has not yet considered a challenge to the affordable care act's taxing provisions on the grounds that it violated the origination clause in the united states constitution. and, mr. speaker, it most certainly did exactly that. mr. speaker, the...
58
58
Oct 31, 2013
10/13
by
CSPAN
tv
eye 58
favorite 0
quote 0
new tax credits. more choice. more competition. real health care security, not just for the uninsured or underinsured but for all of us because we pay more in premium and taxes when americans without good insurance visit the emergency room. [applause] >> and since we all benefit, there are parts of this law that also require everybody to contribute. require everybody to take some measure of responsibility. so to help pay for the law, the wealthiest americans, families who make more than $250,000 a year have got to pay a little bit more. the most expensive employer health insurance, don't qualify for tax credits, some people aren't happy but it's the right thing to do. in massachusetts, most people who can afford health insurance have to take responsibility to buy health insurance or pay a penalty. employers with more than 50 employees have to provide health insurance to their workers or pay a penalty because they shouldn't dump off that cost to others. everyone has responsibilities. now, it is also true that some americans who have
new tax credits. more choice. more competition. real health care security, not just for the uninsured or underinsured but for all of us because we pay more in premium and taxes when americans without good insurance visit the emergency room. [applause] >> and since we all benefit, there are parts of this law that also require everybody to contribute. require everybody to take some measure of responsibility. so to help pay for the law, the wealthiest americans, families who make more than...
82
82
Nov 3, 2013
11/13
by
CSPAN
tv
eye 82
favorite 0
quote 0
the 1986 tax like reform package. he thought it was a tax increase. i kind of agree with him and made it known that i wasn't going to support it. i wound up in the oval office with president reagan's same, if i can't count on the web, who can i count on? i was thinking, jack kemp got me in it. [laughter] what kemp brought was not only important for republicans. more importantly, he persuaded ronald reagan. that's what makes him such an historic figure in my view. side result of supply- economics, we restored our economy. we had a booming economy. gorbachev felt he couldn't compete with us economically. that was obviously what temp brought. he thought he couldn't compete with us militarily because they were in such dire straits economically. csbelieve it was reaganomi that was key to that victory. jack kemp was instrumental in both our economic recovery and also winning the cold war. >> you talk about jack kemp, and one word comes to mind -- the cause. wherever he is, he will fight for that cause. he will work for that cause. >> it was easy to believe
the 1986 tax like reform package. he thought it was a tax increase. i kind of agree with him and made it known that i wasn't going to support it. i wound up in the oval office with president reagan's same, if i can't count on the web, who can i count on? i was thinking, jack kemp got me in it. [laughter] what kemp brought was not only important for republicans. more importantly, he persuaded ronald reagan. that's what makes him such an historic figure in my view. side result of supply-...
131
131
Nov 4, 2013
11/13
by
CSPAN
tv
eye 131
favorite 0
quote 1
they returned it in the form of a tax cut. that was a 10 year tax cut. what we did not anticipate, of course, was what happened on september 11, 2001. we went from surpluses to deficits almost overnight. the tax cuts remained in effect. you are right that there should have been some revisiting of the tax cuts that went into effect. those tax cuts also allowed us to avoid of major recession. host: you bring up deficits. how much motivation is there right now to get a grant deal done? weather in this effort or a future effort -- with the u.s. just having posted its lowest deficit. guest: you're right. we just ended fiscal year 2013. of $680a deficit billion. i believe that is what the figure was. that was a significant 30% reduction from the previous two- year. -- from the previous year. this is taking some pressure off. eggs are improving. i would point out that part of the reason the deficit came down so significantly is that revenues went up 13%. spending went down two percent. the combination resulted in the deficit coming down. the difficulty is that,
they returned it in the form of a tax cut. that was a 10 year tax cut. what we did not anticipate, of course, was what happened on september 11, 2001. we went from surpluses to deficits almost overnight. the tax cuts remained in effect. you are right that there should have been some revisiting of the tax cuts that went into effect. those tax cuts also allowed us to avoid of major recession. host: you bring up deficits. how much motivation is there right now to get a grant deal done? weather in...
136
136
Oct 29, 2013
10/13
by
CSPAN
tv
eye 136
favorite 0
quote 0
this includes comprehensive tax reform to make our tax code less burdensome and changes to our entitlement programs to ensure that they are working as they should for future generations. american families know that they cannot spend limitlessly and never pay their bills. our federal government should not be any different and it's time to break our bad spending habits. mr. speaker, i yield back. the speaker pro tempore: the gentleman's time has expired. for what purpose does the gentlelady from california seek recognition? >> mr. speaker, i ask unanimous consent to address the house for one minute. the speaker pro tempore: without objection, the gentlelady from california is recognized for one minute. ms. hahn: thank you, mr. speaker. the affordable care act is more than a website, it's affordable quality health insurance made available to everyone. and what my friend on the other side of the aisle like to keep talking about bad stories, there's some good stories about the affordable care act and i have one of them. it's sara and joe, parents of two small children from los angeles who have
this includes comprehensive tax reform to make our tax code less burdensome and changes to our entitlement programs to ensure that they are working as they should for future generations. american families know that they cannot spend limitlessly and never pay their bills. our federal government should not be any different and it's time to break our bad spending habits. mr. speaker, i yield back. the speaker pro tempore: the gentleman's time has expired. for what purpose does the gentlelady from...
86
86
Nov 3, 2013
11/13
by
CSPAN
tv
eye 86
favorite 0
quote 0
conservatives need to advance economic freedom through the tax code and lower tax rates. the of the loss productivity admits allocated from the most convoluted tax code in the world. to advance economic freedom through a monetary policy that does not punish savers. current policy rewards portfolio americans at the expense of paycheck america while enabling the greatest deficits in american history. conservative need to advance freedom by repelling obamacare and replacing it with a system that is consumer directed and significantly less costly. conservatives need to advance economic freedom by tearing down the barriers created by mindnumbing rules and atulations and licenses every level of government that stifles job creation and innovation and does not reward the spirit and determination necessary to be successful in life. if jack cap was here with us today, i am confident he would be advancing the american renewal by embracing freedom in every way. i want to end with a couple of notes about my mentor and hero. jack was a compassionate man. it is interesting we find ourse
conservatives need to advance economic freedom through the tax code and lower tax rates. the of the loss productivity admits allocated from the most convoluted tax code in the world. to advance economic freedom through a monetary policy that does not punish savers. current policy rewards portfolio americans at the expense of paycheck america while enabling the greatest deficits in american history. conservative need to advance freedom by repelling obamacare and replacing it with a system that...
166
166
Nov 1, 2013
11/13
by
CSPAN
tv
eye 166
favorite 0
quote 0
we all pay taxes. we are all connected to the irs in some way. from everything that i have heard, the privacy is actually very strong through healthcare.gov. so, it has not been a huge area of concern. another point to respond on, birth control -- that is an area that i think young people particularly were excited about -- the idea that you could get preventive care, including birth control, with no co-pays, it is a huge benefit to young people, and particularly young women. having gone to a school like georgetown that had an issue time, wherer a long it was actually providing it for the faculty, a lot of young people have just said that is fair. in this country it is an important benefit for women's health. the fourth issue she brought up was the deficit and aca may contribute. guest: the cbo scored that it would actually decrease the deficit. this law, if anything, reduces the deficit or is budget neutral. one of the ideas behind the law is we are going to bring health- care cost under control. we ha
we all pay taxes. we are all connected to the irs in some way. from everything that i have heard, the privacy is actually very strong through healthcare.gov. so, it has not been a huge area of concern. another point to respond on, birth control -- that is an area that i think young people particularly were excited about -- the idea that you could get preventive care, including birth control, with no co-pays, it is a huge benefit to young people, and particularly young women. having gone to a...
148
148
Oct 29, 2013
10/13
by
CSPAN
tv
eye 148
favorite 0
quote 0
trading speculation tax. you could limit the bush-era tax cuts to that portion of your income. cancel those tax cuts on that portion of your income over $250,000. only a privileged few make that, so that $200 billion could be achieved without being disadvantageous to very many individuals. almost another $13 billion could be raised by returning the estate tax exemption to what it was in 2009. could raise $$00 billion if you reduce it to what the rate was when president clinton left office. these are just some of the ideas and we have listed them specifically, showing over $4 trillion of possibilities to make our budget add up. now that's a lot of money, but it is in stark contrast to the budget that we passed in this house because that budget calls for closing a gap of $4 trillion. i don't know how in the world they are going to propose a $4 trillion deficit because they would have to raise $4 trillion in taxes or if they aren't raising any taxes, spending cuts in the area in discretionary of ding in the area one-third across the board. we have trouble of dealing with the seque
trading speculation tax. you could limit the bush-era tax cuts to that portion of your income. cancel those tax cuts on that portion of your income over $250,000. only a privileged few make that, so that $200 billion could be achieved without being disadvantageous to very many individuals. almost another $13 billion could be raised by returning the estate tax exemption to what it was in 2009. could raise $$00 billion if you reduce it to what the rate was when president clinton left office....
72
72
Nov 5, 2013
11/13
by
CSPAN
tv
eye 72
favorite 0
quote 0
for medicaid, 48% of people who buy insurance through the individual market will have thatdit -- a tax credit averages over $5,500. the aca is over four years old, we have seen improvements. the opening of the marketplace on october one is the latest step in the implementation of the law, we acknowledge that we have a lot more to do and are ready to do it. thank you, mr. chairman. you, commissioner tavenner. we will start a series of five- minute questions. everyoneld myself and else to five minutes. you might only get one question, that way we can go around once, twice, three times, as long as it takes so people can get questions asked. i hope we will keep within five minutes so everyone gets to ask questions. we'll start now. evaluate the as we problems with the website, it is important to get the facts straight. some have said that fixing the website could take six months to one year, others state that there are 5 million lines of code to rewrite, others urge you to start from scratch. wring some facts to this overheated debate. -- bring some facts to this overheated debate. i under
for medicaid, 48% of people who buy insurance through the individual market will have thatdit -- a tax credit averages over $5,500. the aca is over four years old, we have seen improvements. the opening of the marketplace on october one is the latest step in the implementation of the law, we acknowledge that we have a lot more to do and are ready to do it. thank you, mr. chairman. you, commissioner tavenner. we will start a series of five- minute questions. everyoneld myself and else to five...
66
66
Oct 30, 2013
10/13
by
CSPAN
tv
eye 66
favorite 0
quote 0
republicans don't want to raise taxes. todaythere are stories that the white house is open to not raising revenues and any deal they come up with and they are eyeing cuts to farm subsidies. ground.ld be "common " guest: that is correct. there's also the opening session of the long-awaited arm bill -- farm bill. this is the sort of thing that conference two committees can mesh their answers on and come up with answers for both. viewersve the background on this legislation. why has it not passed? guest: this year was the first -it is ait was due - five-year authorization bill. it was due to years ago. a bill passed the senate last year. not put his did bill on the floor last year. he put a bill on the floor this to defeatt went down and only when he separated it empathy -- and removed the food stamp portion didn't pass. what we have now going into conference is one bill that cuts $4 billion in food stamps and $39her one that cuts billion in food stamps funding. we have a huge gap of their. -- a huge gap there. house with nat
republicans don't want to raise taxes. todaythere are stories that the white house is open to not raising revenues and any deal they come up with and they are eyeing cuts to farm subsidies. ground.ld be "common " guest: that is correct. there's also the opening session of the long-awaited arm bill -- farm bill. this is the sort of thing that conference two committees can mesh their answers on and come up with answers for both. viewersve the background on this legislation. why has it...
118
118
Oct 30, 2013
10/13
by
CSPAN
tv
eye 118
favorite 0
quote 0
work opportunity act that aim to get more veterans and unemployed americans back to work by offering tax credits to businesses who will here them. ms. kelly: next week i'll be meeting with small business owners and manufacturers as part of my second congressional district economic development tour. here we'll discuss what congress can do to support our communities and grow american jobs. the family businesses i represent in kankakee and the manufacturers i represent in chicago both say the same thing. business as usual in washington doesn't help business back home. i couldn't agree more. i urge my colleagues to co-sponsor h.r. 3327 and h.r. 3328 and work civilly to get our economy back on track. thank you. the speaker pro tempore: the gentlelady's time has expired. for what purpose does the gentleman from oklahoma seek recognition? >> i ask unanimous consent to speak for one minute and revise and extend my remarks. the speaker pro tempore: the gentleman is recognized. mr. lankford: mr. speaker, the obamacare website has been a nuisance. people spend hours of wasted time trying to get on
work opportunity act that aim to get more veterans and unemployed americans back to work by offering tax credits to businesses who will here them. ms. kelly: next week i'll be meeting with small business owners and manufacturers as part of my second congressional district economic development tour. here we'll discuss what congress can do to support our communities and grow american jobs. the family businesses i represent in kankakee and the manufacturers i represent in chicago both say the same...
173
173
Oct 29, 2013
10/13
by
CSPAN
tv
eye 173
favorite 0
quote 0
i am sorry, sir, i do not want to pay more taxes, i barely make it as it is. in youw is your last day guys are taking a vacation again for another 10 days and i would like to know why, when there are so many things that have to be done in congress? guest: well, there is a schedule. as you know, we were supposed to be off two weeks ago when we had the travesty of trying to get the government act opening and. when people say vacation, i know i will be in my district working every day. most congressmen will be doing the same thing, regardless of which side of the aisle. this is not a vacation. people think that if we are not in washington we do not do anything. people have to speak for themselves, i can assure you that is not my cup of tea. your second question about harry reid, there is a problem in terms of revenue. there is a problem that we have in the deficit area the commitment to his cut the deficit in half, which is very good, we are going in the right direction. when you shut the government down and have a plan for sequester cut by five percent, it hurts
i am sorry, sir, i do not want to pay more taxes, i barely make it as it is. in youw is your last day guys are taking a vacation again for another 10 days and i would like to know why, when there are so many things that have to be done in congress? guest: well, there is a schedule. as you know, we were supposed to be off two weeks ago when we had the travesty of trying to get the government act opening and. when people say vacation, i know i will be in my district working every day. most...
116
116
Nov 2, 2013
11/13
by
CSPAN
tv
eye 116
favorite 0
quote 0
i personally believe it is trying to rein them in because they have snake tax in the we weave- tags and they cobwebs. guest: that is what i think a lot of people in the united states believe, and that is what commerce is trying to address her now. they have seen as a result of the leak probably some lack of confidence or some worry about what the intelligence community is up to. so the congress has got to address this forthrightly to try to restore the american people confidence in what their intelligence services are up to because ultimately if the people don't support what is being done in their name, we are going to have major problems in our democracy. so the congress has got to be able to try and reconcile the imperative to keep the country safe from not only terrorists and the prospect of nuclear weapons spreading across the globe over time, but also be able to reconcile the very serious privacy and civil liberty issues that have arisen over the summer, and we have to find the right way to reconcile these two objectives. host: tim up next from ohio, independent line 30 good mornin
i personally believe it is trying to rein them in because they have snake tax in the we weave- tags and they cobwebs. guest: that is what i think a lot of people in the united states believe, and that is what commerce is trying to address her now. they have seen as a result of the leak probably some lack of confidence or some worry about what the intelligence community is up to. so the congress has got to address this forthrightly to try to restore the american people confidence in what their...
174
174
Oct 30, 2013
10/13
by
CSPAN
tv
eye 174
favorite 0
quote 0
because of the tax credits we are offering and because of the -- tition -- pipeline because of the tax credits we are offering and the competition between insurers, most people are going to be able to get better comprehensive health care plan for the same price or even cheaper than projected. you are going to get a better deal. now there is a fact that americans with higher incomes will pay more and protections like the patients' bill of rights and that will actually save them from financial ruin if they get sick, but nobody is losing their right to health care coverage. and no insurance company will be able to deny you coverage or drop you as a customer. those days are over. and that's the truth. and that is the truth. cheers and applause] >> for people without health insurance, they are finally going to be able to get it. for the vast majority of people who have health insurance that works, you can keep it. for the fewer than 5% of americans who buy insurance on your own, you will be getting a better deal. so anyone peddling the notion that insurers are cancelling peoples' plans with
because of the tax credits we are offering and because of the -- tition -- pipeline because of the tax credits we are offering and the competition between insurers, most people are going to be able to get better comprehensive health care plan for the same price or even cheaper than projected. you are going to get a better deal. now there is a fact that americans with higher incomes will pay more and protections like the patients' bill of rights and that will actually save them from financial...